Ted's Pawn, Norwood Ohio

Ted's Pawn, Norwood Ohio Ted's Pawn opened in 1970 as Ted's Market, a corner grocery store. As of 1984, Ted's has operated as a family owned pawn shop. The terms are set by the state.

How a Pawnshop Works

A pawnshop operates as a collateral lender on personal property. Many people have the misconception that "pawning" is selling an item. While pawnbrokers sometimes make outright purchases of goods, "pawning" is actually borrowing and being able to get an item back. In the state of Ohio, pawnshops offer loans on gold jewelry, diamonds, fi****ms, watches, coins, electronics, com

puters, musical instruments, cameras and a whole host of other valuable items. A person in need of money, who owns an item of value, can use that item to garner a temporary loan without having to sell their valuable. They can bring it to a pawnbroker, who will evaluate the item, and then decide if they can offer a loan on it. If an offer of a loan is made, and accepted by the owner of the property, a loan contract is then drafted. The pledgor (owner) must produce a state issued picture identification. The pledgor must have his or her identification to pawn an item and to redeem a loan. All of the information contained in the ID, along with a complete description of the item or items being pawned, is incorporated into that contract (as well as the loan terms). The pawnbroker is required to collect this information and record it, even if the pawnbroker is purchasing the item outright as opposed to loaning money on the item. All of this collected information is forwarded on a daily basis to the local police department to allow the police to compare these records versus reports of stolen items. The State of Ohio, Division of Financial Institutions, inspects, regulates, and licenses Ohio Pawnbrokers. Loans are held for a minimum of three months (two months plus a thirty day notice) and the maximum rates are 5% interest per month on a loan and $4.00 a month storage. Other fees, such as mailing fees, may apply. The pledgor therefore has that amount of time to either redeem the loan and pick up their item by repaying the principal amount borrowed plus the accrued monthly interest and storage fees, or may make a payment of the interest and storage fees to extend the life of the loan. If the pledgor fails to make a payment or to payoff their loan by the end of the loan period, the item forfeits, becomes the property of the pawnbroker, and is sold. These unredeemed items become the bargains of pawnshop shoppers. Ted's Pawn offers longer loan terms than the state minimum. As of August 4th, 2007, all non-jewelry loans are 4 month loans. Jewelry loans less than $40.00 are 4 month loans as well. Jewelry loans $40 or higher are 7 month loans. Thirty days before a loan expires, a notice (as required by the state) is mailed proof of mailing to the last provided address of the pledgor notifying them of the upcoming expiration of their pawn. If mailed, this adds a $2.00 fee to the renewal or redemption of the pawn. While gold and diamond jewelry are the typical collateral used to garner a loan, Ted's specializes in pre-owned Rolex watches and also deals with power tools, instruments, electronics, coins, fi****ms, laptops and more! Sales Department:

A range of items for sale at reasonable prices, anything from tools and banjos to diamond engagement rings! Stop in to browse our wide assortment of inventory for sale!

At TED’s.PAWN Norwood OhioDiamond Station Necklace 14K white gold. 17”18 ctw$419.99
06/16/2026

At TED’s.PAWN Norwood Ohio

Diamond Station Necklace
14K white gold. 17”18 ctw
$419.99

At TED’s Pawn. Norwood OhioCHANEL bowling bag. Lambskin leather. $3499.99 + plus taxWith box,dust bag. Original certific...
06/16/2026

At TED’s Pawn. Norwood Ohio

CHANEL bowling bag. Lambskin leather.
$3499.99 + plus tax
With box,dust bag. Original certification card.
Very good condition clean.

For Sale at Teds Pawn ShopNorwood, OhioLouis Vuitton Double Zip Pochette Jungle EditionW/Dust bag$1299.99Includes Certif...
06/13/2026

For Sale at Teds Pawn Shop
Norwood, Ohio

Louis Vuitton Double Zip Pochette Jungle Edition
W/Dust bag
$1299.99

Includes Certificate of Authenticity

For sale at Ted’s Pawn Shop Norwood, Ohio14KWG 16” Dimond Necklace$1,339.991.0ctw H SI1 11.5g
06/13/2026

For sale at Ted’s Pawn Shop
Norwood, Ohio

14KWG 16” Dimond Necklace
$1,339.99
1.0ctw H SI1 11.5g

For Sale at Ted’s Pawn ShopLouis Vuitton Alma BB EpiLeather “Bleuet” $1499.99w/dust bag, shoulder strap, 2021 Release Li...
06/13/2026

For Sale at Ted’s Pawn Shop

Louis Vuitton Alma BB Epi
Leather “Bleuet”
$1499.99
w/dust bag, shoulder strap,
2021 Release Limited

Includes Certificate of Authenticity

Have a safe weekend!
05/22/2026

Have a safe weekend!

Happy Perfect Order Release day. Line is already forming up outside. Doors open at 10am!
03/28/2026

Happy Perfect Order Release day. Line is already forming up outside. Doors open at 10am!

Just some of our hits from our first submission to TAG grading! What an awesome service and reasonable turnaround time! ...
03/05/2026

Just some of our hits from our first submission to TAG grading! What an awesome service and reasonable turnaround time!
check them out for sale on our website tedspokepawn.com

Happy Ascended Heroes Release day!!!
02/28/2026

Happy Ascended Heroes Release day!!!

Address

2026 Delaware Avenue
Norwood, OH
45212

Opening Hours

Monday 10am - 5pm
Tuesday 10am - 5pm
Wednesday 10am - 5pm
Thursday 10am - 5pm
Friday 10am - 5pm
Saturday 10am - 2pm

Telephone

+15136312112

Website

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